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- Edition: 1458
Headlines
Contents Stop ridiculous Heathrow price hikes, says Walsh
The chief executive of International Airlines Group, the owner of British Airways, has hit out at proposals to increase landing charges at Heathrow by six percent above the rate of inflation, reported The Sunday Telegraph.
1,700 flights hit by union strike at Lufthansa
Lufthansa passengers faced chaos on Monday after the airline cancelled virtually all of its flights in Germany due to a strike by staff over pay, reported Reuters.
Finnair sells Norwegian carrier stake for $69.3m
Finnish flag carrier Finnair sold its 4.7 percent stake in Norwegian Air Shuttle for US$69.3 million as it tries to concentrate resources on expanding profitable, long-haul routes, reported Reuters. Finnair said it would record a capital gain of $44.
Hutchison Whampoa enters strike fray
Tensions over the dockers' strike rose further yesterday as one of Li Ka-shing's top lieutenants publicly slammed unionist lawmaker Lee Cheuk-yan.
DP World cut losses with sale but faces new challenges
Australia's second-largest ports operator, DP World, narrowed its losses last year after it booked a one-off gain from the sale of a controlling stake in an Adelaide container terminal, reported The Age.
Petronas fails to buy out MISC
Malaysian state oil and gas company Petroliam Nasional or Petronas, failed to buy out shipping unit MISC despite raising its offer by nearly four percent in a deal worth over US$3 billion, reported Dow Jones Newswires.
Union Pacific Q1 edges up 11%
Union Pacific's first-quarter earnings rose 11 percent on stronger revenue, though weaker shipments of coal and agricultural products continued to weigh on the railroad operator's freight volume.
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